Tips for Retaining Your Assets When You are Divorcing.
The promise when people are marrying is till death but some marriages do not get there. If you are at the verge of getting a divorce you should not feel like a loser because there are thousands of people across the world who are going through them. The number of people getting divorced in the modern world are many. When it is clear that the marriage will not survive, do not care about what the society will say about your decision to get a divorce but rather care about the assets you will be getting. It takes a lot of effort to build a business from the ground up only to have someone make a claim on it. However, not many people know how to protect their assets when it comes to getting a divorce. You need to review the premarital agreement you made. If you did not make one, there are other options. The agreement is very crucial though in cases where you started the businesses before you got married. It shows that you put all the efforts in starting and growing the business.
In some cases, the business might have been established some weeks or month following the marriage. Make sure you get your lawyer to draw a postnup in such cases. The court will accept a prenup much readily than the postnups. You should tell your partner about the postnup agreement in the early stages of the marriage. You should be able to gauge the contributions the other spouse has made in matters to do with the business. It can be tricky to say what is significant and what is not. Start by checking whether your partner gave you any money in growing your business. Things might not be that simple if the contribution made was a big chunk of money. Also, the contributions that count do not always have something to do with money. If the other person gave you some ideas on the kind of business you should start or what you should do to get more business then that also counts.
If the company you started has employed your partner then you should be prepared for some battle. You cannot prove that they did not contribute anything toward the success of the firm if they are employed in it. You can just fire your spouse in order to make the process easier for you.
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